Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
South African Rand/ (FOREX:ZARZMW)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZARZMW
The long term trend has been DOWN since Apr 25th, 2018 at 0.769185
The intermediate term trend has been DOWN since Jun 5th, 2018 at 0.790515
The short term trend has been UP since Jun 22nd, 2018 at 0.740860
Smart Scan Analysis for ZARZMW
Based on a pre-defined weighted trend formula for chart analysis, ZARZMW scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).